Printed in Corvallis Gazette-Times 7/8/2015 and titled "Behavioral economics can reduce poverty." Posting here, in case you missed it.
By Michael A. MacDowell - Insanity has often been defined as doing the same thing over and over again and expecting a different outcome. While this statement is used for a variety of situations, perhaps it is nowhere better applied than in characterizing this country's numerous attempts to eradicate poverty. --In 1964, President Lyndon Johnson declared war on poverty. At the time, 14.7 percent of Americans were living below the poverty line, according to the U.S. Census Bureau. Fast-forward to 2013, and 14.5 percent of our citizens were poor. --Jason Zweig of Money magazine says there are many reasons for the lack of progress in this ongoing battle. In a Wall Street Journal article, he shows that most antipoverty programs have not considered how people actually act.
Read more at Philly.com
Wednesday, July 8, 2015
Try different tactic in fighting war on poverty
Labels:
behavior,
entitlements,
poverty,
programs
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